BEXIL CORPORATION ANNOUNCES CONFERENCE CALL

NEW YORK
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Bexil Corporation (AMEX: BXL) today announced that a conference call to discuss the recent results of the Company and other matters has been scheduled for September 16, 2004 at 10:10 a.m., Eastern Time. Company executives will make a presentation, followed by a presentation by Thomas C. MacArthur, president of York Insurance Services Group, Inc. ("York"), Bexil's 50% owned affiliate. The call will conclude with a brief question and answer session.

In order to participate, please dial toll free 1-888-790-1729 and enter pass code: 6799927. A recording of the call will be posted on www.bexil.com.

Bexil is a holding company operating businesses directly or through companies in which it has a majority or other substantial interest. More information about Bexil may be found at its web site http://www.bexil.com/. Bexil's primary business is comprised of its 50% interest in privately held York. Since the 1930's, York's affiliates have served as third party administrators and independent adjusters providing claims data and risk related services to insurance carriers, self insureds, public entities, brokers, Management Buyout, Leveraged buyout financing, LBO, and other intermediaries. York's claims services include property & casualty, workers' compensation, special investigative unit services & surveillance, transportation & logistics, environmental, construction, and inland & ocean marine. York is a 50% owned unconsolidated affiliate accounted for by the equity method.

This press release may contain forward-looking statements and similar expressions that reflect Bexil's current expectations about its future performance, and are subject to risks, uncertainties and other factors that could cause Bexil's actual performance to differ materially from those expressed in, or implied by, these forward-looking statements.